Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Update

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 57,176 shares, an increase of 323.1% from the May 31st total of 13,512 shares. Based on an average daily trading volume, of 79,016 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Harbour Energy Stock Performance

HBRIY stock opened at $3.06 on Monday. Harbour Energy has a 52 week low of $2.48 and a 52 week high of $4.48. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 0.79. The company has a fifty day simple moving average of $3.72 and a two-hundred day simple moving average of $3.46.

About Harbour Energy

Harbour Energy PLC (OTCMKTS: HBRIY) is a London-based independent oil and gas exploration and production company formed in July 2021 through the merger of Premier Oil and Chrysaor. As the largest UK-listed E&P group by production, the company focuses on developing and operating a diversified portfolio of upstream assets to deliver long-term value through stable cash flow and disciplined capital allocation.

The company’s core business activities encompass the exploration, development and production of crude oil and natural gas.